Forwarded from CryptoQuant
Weekly Fud Buster Dashboard Updates
What has changed in Bitcoin in the past 1 year?
1. Centralized Exchanges
- The bitcoin reserves on non-US exchanges have increased by more than 10%.
- The bitcoin reserves of US-based exchanges have declined by at least 30% and up to 50% or more.
2. Institutions' Accumulation
- Considering the amount withdrawn and the deposit and withdrawal records of the wallets, institutions are continuously buying Bitcoin.
- For example, In August alone, more than 20K $BTC, accounting for roughly 25%, were withdrawn from Gemini.
- 27.7K BTC were withdrawn from Gemini's wallet address: 3Fup
- These Bitcoin were transferred to wallets like 1QB, 1Et, and 35g.
3. Futures Market
- Market participants have significantly increased their exposure to derivative products, with Bitcoin Open Interest also recording the highest ATH since November 2022.
To monitor the real-time bitcoin data updates of the mentioned data, follow our live dashboard.
Live Dashboard | @cryptoquant_official
What has changed in Bitcoin in the past 1 year?
1. Centralized Exchanges
- The bitcoin reserves on non-US exchanges have increased by more than 10%.
- The bitcoin reserves of US-based exchanges have declined by at least 30% and up to 50% or more.
2. Institutions' Accumulation
- Considering the amount withdrawn and the deposit and withdrawal records of the wallets, institutions are continuously buying Bitcoin.
- For example, In August alone, more than 20K $BTC, accounting for roughly 25%, were withdrawn from Gemini.
- 27.7K BTC were withdrawn from Gemini's wallet address: 3Fup
- These Bitcoin were transferred to wallets like 1QB, 1Et, and 35g.
3. Futures Market
- Market participants have significantly increased their exposure to derivative products, with Bitcoin Open Interest also recording the highest ATH since November 2022.
To monitor the real-time bitcoin data updates of the mentioned data, follow our live dashboard.
Live Dashboard | @cryptoquant_official
Crypto Mumbles
https://twitter.com/0xMantle/status/1695966421321388471?s=20
~$150m in incentives to support Mantle projects if the proposal passes
mantle szn starting soon imo
edit: its a soft proposal so still in discussion
mantle szn starting soon imo
edit: its a soft proposal so still in discussion
10 takeaways from "The Relentless Rise of Stablecoins" by Brevan Howard Digital
https://twitter.com/TheChicagoVC/status/1694001412919971848
https://twitter.com/TheChicagoVC/status/1694001412919971848
Crypto Mumbles
Rollup cumulative profits over the past 365 days: zkSync - $15.3m Arbitrum - $11.6m Optimism - $6.87m Base - $3.1m > zkSync has earned the most over the past year > Base seems poised to surpass in profitability given sufficient runway
also, over the past 365 days when comparing verification costs
it has costed zkSync ~$8.3m while it costed optimistic rollups next to nothing
link
it has costed zkSync ~$8.3m while it costed optimistic rollups next to nothing
link
Dune
Rollups Profits
Blockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, Bitcoin, Polygon, BNB Chain, Solana, Arbitrum, Avalanche, Optimism, Fantom and Gnosis Chain for free.
On how Noncustodial Finance (NoFi) will bridge crypto to the early majority (the next stage of adoption)
#reads
https://mirror.xyz/basche42.eth/je7IU2N4S1UlTsR60ySyMyaa53ZbJnGl6L-b8btmyOE
#reads
https://mirror.xyz/basche42.eth/je7IU2N4S1UlTsR60ySyMyaa53ZbJnGl6L-b8btmyOE
mirror.xyz
Noncustodial finance is crypto's way across the chasm
While DeFi, NFTs and the Metaverse form the basis of an exciting new crypto-native internet, crypto/web3 as a going concern (let alone a new technological paradigm) won't be sustained unless it connects with the needs of everyday people and breaks out of…
🔥1
Forwarded from Wu Blockchain News
StarkNet wallet Braavos published the latest article stating that after nearly 12 months of deployment on Ethereum, StarkNet STRK Token will soon be launched and open to the public; STRK Token can be used for governance, staking and payment as Gas fee. — link